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LONDON - Close Brothers (F:CBRO) Limited (LSE:CBG) will receive the Supreme Court’s judgment on the "Hopcraft" motor finance commissions case on Friday, August 1, 2025, according to a company statement released Friday.
The judgment will be summarized at a brief hearing after market close at 4:35 p.m. and published on the Supreme Court website shortly thereafter. The company noted that parties will not receive a draft judgment in advance of publication.
The case reached the Supreme Court after Close Brothers Limited obtained permission to appeal a Court of Appeal ruling against the company on December 11, 2024. The Supreme Court heard the appeal during proceedings that ran from April 1 to April 3, 2025.
Close Brothers Limited, a subsidiary of Close Brothers Group plc, stated it does not know the outcome of the appeal and will not make further announcements until after the judgment is handed down.
The Hopcraft case relates to motor finance commissions, though specific details about the nature of the dispute were not provided in the company’s statement.
Close Brothers Group is a UK merchant banking group that provides lending, deposit taking, and securities trading services. The company employs approximately 3,000 people primarily in the United Kingdom (TADAWUL:4280) and Ireland and is listed on the London Stock Exchange (LON:LSEG).
The announcement was made through a regulatory news service filing by Close Brothers Finance plc, a subsidiary of Close Brothers Group.
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